OCR Text |
Show Active Market and Strong Quotations Feature Day on Wall Street i I NEW YORK. May 25. There was l some strength in the stock market this I morning, but the undertone denoted a continuance of bearish sentiment among professional traders. Oils were ' the only noteworthy exception, Mexican Mexi-can Petroleum rising 1 1-2 points with a more moderate gain for Pan-American. Buying of low-priced rails attributed at-tributed to Western interests, effected an ndvnnce of 1 point for Rock Island. United States Steel made a fractional gain, but most of the seasoned industrials indus-trials and rails were little changed. At-j At-j lantic-Guir, yesterday's strongest feature, fea-ture, forfeited a point at the outset. Tho market became active and i strong before the end of the first hour, oils leading the movement on further buying of tho Mexican issues. Motors and equipments followed the steels and shipplncrs, advances running from 1 to 3 points. There were substantial recoveries also in sugars, textiles, leathers, tobaccos and chemical issues a,l gains of 1 to '5 points: Rails became be-came more prominent on buying of Reading and Southern Pacific. The only stocks to lag were coppers and other metal issues. Call money was again freely supplied at six per cent, but exchange on London yielded part of yesterday's advance. Most gains were Irregulariy in-1 in-1 creased during the intermediate session, ses-sion, although business fell away to a marked extent. Nov.;s from Mexico prompted further covering by the shorts In oils and buying of rails, Included In-cluded many of the speculative low-1 low-1 1 , priced shares. |